Huw Dixon
Videos
Huw David Dixon is a British economist. He has been a professor at Cardiff Business School since 2006, having previously been Head of Economics at the University of York after being a professor of eco
Dixon in 2005
Huw Dixon 1992, Chair of Royal Economic Society Conference, with Jagdish Bhagwati (invited speaker) and Sir David Hendry (President of RES)
Bertrand competition
Videos
Bertrand competition is a model of competition used in economics, named after Joseph Louis François Bertrand. It describes interactions among firms that set prices and their customers that choose quan
Huw Dixon
…leading economists. The topics include: Bertrand–Edgeworth models with strictly convex costs. Francis Edgeworth developed the analysis of the model of Bertrand competition in a setting where firms had constant marginal cost up to capacity. Dixon explored how this could be generalized to the case of convex costs. He…
When C1 < C2, Firm 1 can set the price between C1 and C2.